NDRC: Revised investment list ready this year
The government will bring forward the revision of a key investment approval catalog, a move that will lower barriers to corporate investment, a senior official said on Thursday.
Li Pumin, secretary-general of the National Development and Reform Commission, the top economic planner, told reporters that the document — which specifies what kind of investment projects require government approval— was originally intended to be completed in 2015. Now, it will be finished this year. Officials and analysts said the move is part of a broad campaign under Premier Li Keqiang to streamline administrative approval proceduresandgive themarket more autonomy.
The current investment approval catalog was released last December by the State Council, the cabinet. The catalog covers only 13 sectors, but these affect virtually every industry from agriculture to energy, information technology, transportation and foreign investment.